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161
Jul 26, 2012
07/12
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CURRENT
tv
eye 161
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sandy is a big boy. he'll carry his message for a while, and it will resonate in this down. >> eliot: where are the counterattacks coming from. >> they're attacking his motives, he's doing it for other sets of purposes. and he's an ego maniac, and he likes to see his face in lights. there are lafayette reasons to criticize sandy wyle, but step back and listen to what he has to say. he was one of the key architects architects, there is only one industry in this country that threatens the financial system and the economy in the entire country. it's 20, 25 banks. he was the one who put it together. he's now saying hey look at what happened. look at the wreckage in this country. it should not be threatening taxpayers and people ought to listen to him carefully. >> eliot: what is the motive they're attributing to him for him to turn his back on friends social context and say you're all wrong. >> that's a good point. one of the problems with these guys breaking out of the pack, they all go to the same clubs li
sandy is a big boy. he'll carry his message for a while, and it will resonate in this down. >> eliot: where are the counterattacks coming from. >> they're attacking his motives, he's doing it for other sets of purposes. and he's an ego maniac, and he likes to see his face in lights. there are lafayette reasons to criticize sandy wyle, but step back and listen to what he has to say. he was one of the key architects architects, there is only one industry in this country that threatens...
460
460
Dec 1, 2012
12/12
by
CNBC
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eye 460
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sandy may have been the singest biggest car destroyer since katrina. or maybe more, given the fact that so many imparted cars were damaged near the cox of the region's rivers. tuesday morning we hear from the brothers toll. here's the best home builder in the country go. ing to tell you the story of the boom. if you remember there was a time when bob toll of toll brothers and eagles fan came on "mad money" during what turned out to be the early part of the housing collapse. he said he saw the light at the end of the tunnel. but it was most like lit light of an on-coming train. those days are gladly behind us. i suspect the toll tells a story that it goes down the fiscal cliff monday. every day is fiscal cliff tuesday, wednesday, thursday. you get the picture. anyway, you should pull the trigger here to buy it here if the fiscal cliff does what i'm afraid of. brown foreman reports wednesday. this is an interesting one. why? because goldman downgraded it to sell. just last night. i've seen this movie. they were wrong last time. they'll be wrong again. i'
sandy may have been the singest biggest car destroyer since katrina. or maybe more, given the fact that so many imparted cars were damaged near the cox of the region's rivers. tuesday morning we hear from the brothers toll. here's the best home builder in the country go. ing to tell you the story of the boom. if you remember there was a time when bob toll of toll brothers and eagles fan came on "mad money" during what turned out to be the early part of the housing collapse. he said he...
99
99
Jul 25, 2012
07/12
by
CNBC
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eye 99
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that's what sandy was talking about. his description of what to happen to the big banks is essentially the regional banks so i think you play diversified pool, companies like bb&t. >> tyler vernon, thank you very much. >>> let's go to seema mody. >> watching shares of radiody shack slammed. they're reporting a second quarter loss. increased demand for handsets squeezed the margins and also suspended its dividend. the company also has plans to refinance and pay down its debt. not a pretty story. the stock down better than 32%. sue, back over to you. >> thank you very much. straight ahead, another big story on the hill today. treasury secretary tim geithner facing the fire over libor. what did he know and when did he know it? >> big moves in oil and gasoline today. but before the break, five big wednesday movers. it is an up day in the dow. ge is up half a percent. and we are basically down just a fraction in microsoft and americanexpress and cat both in the green. back in a moment. [ male announcer ] drive a car filled wi
that's what sandy was talking about. his description of what to happen to the big banks is essentially the regional banks so i think you play diversified pool, companies like bb&t. >> tyler vernon, thank you very much. >>> let's go to seema mody. >> watching shares of radiody shack slammed. they're reporting a second quarter loss. increased demand for handsets squeezed the margins and also suspended its dividend. the company also has plans to refinance and pay down its...
1,643
1.6K
Dec 1, 2012
12/12
by
FOXNEWSW
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eye 1,643
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coming up, straight ahead, secret santa has a surprise gift for hurricane sandy victims. that's coming up next on "the five." i believe it's bob's segment. >> bob: it is. keep going. ♪ ♪ card hassles? introducing chase liquid. the reloadable card that's easy to activate and can be used right away. plus, you can load cash or checks at any chase depositfriendly atm and checks right from your smartphone. get rid of prepaid problems. get chase liquid. ♪ ♪ >> bob: just so everybody knows we're benching brian next week keeping him on the bench. greg will be back. but we'll miss you. we are. feel better, because you're a little old to be doing this on a regular basis. you hear a lot about the war on christmas, but plenty of people who are in the spirit of the season. a generous businessman from kansas city, missouri, surprised victims of hurricane sandy with $100 bills yesterday. he is not stopping there. his plan is to give away $100,000 this christmas season. good for him. every rick, you are the midst of that. >> eric: it's fantastic. there is a commercial, i can't re
coming up, straight ahead, secret santa has a surprise gift for hurricane sandy victims. that's coming up next on "the five." i believe it's bob's segment. >> bob: it is. keep going. ♪ ♪ card hassles? introducing chase liquid. the reloadable card that's easy to activate and can be used right away. plus, you can load cash or checks at any chase depositfriendly atm and checks right from your smartphone. get rid of prepaid problems. get chase liquid. ♪ ♪ >> bob: just...
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230
Oct 30, 2012
10/12
by
CNBC
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eye 230
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sandy roars ashore. dumping a ton of rain on the u.s. east coast knocking out power to williams. >> bp hikes dividend by more than 12%. >> and bank of japan steps into boost the economy for a second straight month. >> it's a big day for earnings here in europe. usb is cutting up to 10,000 jobs. one of the biggest cuts in the finance industry since the 2008 crisis. the stock is up, though. carolyn roth has been speaking to the ceo. >> investors clearly liking the news of more cost cutting over the next three years. very crass tidrastic moves, tho. ubs is going where no other bank has gone before. it is closing down an entire unit. the fixed income unit. so really this is more than a paradigm shift. when i spoke to the ceo of the bank, he explained what was the rationale behind that move. >> it means a better time to market, being more close to our chintds, and at the same time, the effectiveness of creating an environment that allow us to reduce operational risk. so just not a cost cutting exercise. of course in our industry which is a hi
sandy roars ashore. dumping a ton of rain on the u.s. east coast knocking out power to williams. >> bp hikes dividend by more than 12%. >> and bank of japan steps into boost the economy for a second straight month. >> it's a big day for earnings here in europe. usb is cutting up to 10,000 jobs. one of the biggest cuts in the finance industry since the 2008 crisis. the stock is up, though. carolyn roth has been speaking to the ceo. >> investors clearly liking the news of...
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hurricane sandy was going to affect numbers. well, coal is also giving a tepid outlook, a cautionary tone. that is why you see the stock down 4%. also noting that hurricanes and the effect numbers as well. that is something to factor in. plus to my downgrade from s&p capitol, so you're seeing the retailer with the down arrow, but many retail stocks have down arrows. let's take a look at the major market averages. s&p 500 below that key number of 1400, now at 1388. obviously looking at all new levels as we broke through some support levels that everybody had been watching and hoping that we would hold, but just didn't. back to you. dennis: thank you. fidelity is saying this is a great year so far. the largest retirement plan providers saying the average balance for participants read some $76,000. the highest level since it began tracking values in 2000, up 18% since last year. average account balance also rose because contribution charm employee paycheck deductions increased, and so did matching contributions from employers. cher
hurricane sandy was going to affect numbers. well, coal is also giving a tepid outlook, a cautionary tone. that is why you see the stock down 4%. also noting that hurricanes and the effect numbers as well. that is something to factor in. plus to my downgrade from s&p capitol, so you're seeing the retailer with the down arrow, but many retail stocks have down arrows. let's take a look at the major market averages. s&p 500 below that key number of 1400, now at 1388. obviously looking at...
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145
Nov 8, 2012
11/12
by
WMAR
tv
eye 145
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sandy could cost americans $50 billion in damage by earliest mafts. and much of the cleanup remains to be done. tonight, 675,000 people are still without power since last week's disaster. and hundreds of thousands displaced. the whole day started with high anxiety. new jersey governor chris christie urging hurricane survivors to be cautious and patient. >> you know, we may take a setback in the next 24 hours. you need to be prepared for that. i'm prepared for that. i hate setbacks. i don't tolerate them usually very well, but this one, i can't control. >> reporter: in north jersey, buildings damaged by sandy were re-boarded up. they have extra plywood now as people brace for a second battering. winds howled into new york city, where subway systems are still under repair. and now, railroads and bridges are frozen. once again, crippling the area into an impassable mess. >> really, really bad. waiting on line for gas now we're waiting on line to getme. >> it is a good idea to stay indoors with this, because hurricane sandy weakened trees and the high win
sandy could cost americans $50 billion in damage by earliest mafts. and much of the cleanup remains to be done. tonight, 675,000 people are still without power since last week's disaster. and hundreds of thousands displaced. the whole day started with high anxiety. new jersey governor chris christie urging hurricane survivors to be cautious and patient. >> you know, we may take a setback in the next 24 hours. you need to be prepared for that. i'm prepared for that. i hate setbacks. i...
211
211
Nov 30, 2012
11/12
by
FOXNEWSW
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eye 211
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coming up, straight ahead secret santa has a surprise gift for hurricane sandy victims. that's coming up next on "the five." i believe it's bob's segment. >> bob: it is. keep going. ♪ ♪ ♪ [ male announcer ] it started long ago. the joy of giving something everything you've got. it takes passion. and it's not letting up anytime soon. at unitedhealthcare insurance company, we understand that commitment. and always have. so does aarp, an organization serving the needs of americans 50 and over for generations. so it's no surprise millions have chosen an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they help cover some of the expenses medicare doesn't pay. and save you up to thousands in out-of-pocket costs. to find out more, request your free decision guide. call or go online today. after all, when you're going the distance, it's nice to have the experience and commitment to go along with you. keep dreaming. keep doing. go long. ♪ ♪ >> bob: just so everybody knows we're benc
coming up, straight ahead secret santa has a surprise gift for hurricane sandy victims. that's coming up next on "the five." i believe it's bob's segment. >> bob: it is. keep going. ♪ ♪ ♪ [ male announcer ] it started long ago. the joy of giving something everything you've got. it takes passion. and it's not letting up anytime soon. at unitedhealthcare insurance company, we understand that commitment. and always have. so does aarp, an organization serving the needs of...
260
260
Jul 25, 2012
07/12
by
CNBC
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eye 260
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sandy weill. thank you for being here. >> thank you. good to be here. >> there are so many people who want to get your view on europe and libor. i want to get your view on what's happened over the last seven years. you've been known as a visionary and i can just wonder in retrospect, very few people saw the financial crisis coming. in looking back, do you think the mega banks played a role in terms of too big to fail in what happened with the financial crisis or not? >> let me first start by saying that i think the two decade bfs the problem, the big banks really led the growth of the world and creating capital markets and all these countries, converting communist economies they' they've, as defined in different part of the world. so the banking system is really very, very important. i think the problem that was created was created by too much way too much leverage. very little transparency with lots of off balance sheet things that downreally count. but even of a the problem, there's no other cou
sandy weill. thank you for being here. >> thank you. good to be here. >> there are so many people who want to get your view on europe and libor. i want to get your view on what's happened over the last seven years. you've been known as a visionary and i can just wonder in retrospect, very few people saw the financial crisis coming. in looking back, do you think the mega banks played a role in terms of too big to fail in what happened with the financial crisis or not? >> let me...
218
218
Nov 1, 2012
11/12
by
KQEH
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eye 218
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where does sandy fit in terms of economic impact? s showing?our numb >> good question, susie. >> in terms of totalu economic loss. because airms aren't going, and restaurants aren't serving meals, and the property damage i think tell come to about $50 billion. to put this in context, th's roughly the consequence of 9/11. it you sad up katrina it was 150 million. it's a big storm and a lot of damage, but less than's katrina. >> susie: quickly, mark, because on friday we have the employment numbers coming out. i'd like your take on that. what are you expecting in terms of new job hings and the unemployment rate? we've created 150,000 jobs a month over the past three years. i expect that's roughly what we'll get. une loyment, as yout, remember, it dips down unexpectedly to 7.8%, i expect that will notch up a tenth or two. i don't think we go over 8%. >> susie: it could notch up a bilt. good information. mark, always a pleasure talking to you. mark zandi. >> thank you. >> tom: still ahead, from downed powerlines, to flooded out utilities, we talk a
where does sandy fit in terms of economic impact? s showing?our numb >> good question, susie. >> in terms of totalu economic loss. because airms aren't going, and restaurants aren't serving meals, and the property damage i think tell come to about $50 billion. to put this in context, th's roughly the consequence of 9/11. it you sad up katrina it was 150 million. it's a big storm and a lot of damage, but less than's katrina. >> susie: quickly, mark, because on friday we have...
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165
Dec 1, 2012
12/12
by
CNBC
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eye 165
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sandy has made the month of november virtually irrelevant. we can sweat it, puzzle over it. in the end we'll have to dismiss it unless the unemployment rate has shockingly dropped. which would be an odd anomaly, which would show that the country could pick up the slack of the northeast. i don't think that's going to happen. next week's game plan starts on sunday when treasure secretary tim geithner will appear on "meet the press" with my friend david gregory and hopefully explain how we're going to get out of this fiscal cliff mess. for once i actually believe we'll be able to bridge the cliff on the eve of destruction. and knowing that, i am both a guy who wants to take the pin off before new year's and i'm a buyer into negative capital chatter next week. not a seller, like so many of the pessimists out there. why don't we start with neil in florida. neil. >> reporter: boo ya, jim. it's neil in florida. face book dropped zynga, what should i do? hold or drop zynga? >> have a little january effect. everybody selling that thing nine ways to sunday. bad news. maybe they'll fin
sandy has made the month of november virtually irrelevant. we can sweat it, puzzle over it. in the end we'll have to dismiss it unless the unemployment rate has shockingly dropped. which would be an odd anomaly, which would show that the country could pick up the slack of the northeast. i don't think that's going to happen. next week's game plan starts on sunday when treasure secretary tim geithner will appear on "meet the press" with my friend david gregory and hopefully explain how...
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148
Dec 5, 2012
12/12
by
CNBC
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eye 148
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it may have been reduced by 86,000 because of hurricane sandy. but there was a good number today which was the ism data when it comes to the services sector. you can see it was up. there's the adp data. but i want to talk about the services sector which was up a bit more than expected. then what you had, business activity was up, new orders were up, employment was the one thing that was down. i don't know if that's a sandy effect. that could be also, by the way, a fiscal cliff effect. zplint vi >> interviewing secretary geithner later today. what's your first question going to be? >> i want to get his response -- we had the president respond to boehner's proposal but i want to get the secretary's response, too, the specific issue of, hey, the republicans looked like they made a step forward, actually got some accolades in some of the press for agreeing to new revenues. where's the administration's response on that side? are they willing to give? i think that's a key question right now in terms of what the news flow is right now but also there's c
it may have been reduced by 86,000 because of hurricane sandy. but there was a good number today which was the ism data when it comes to the services sector. you can see it was up. there's the adp data. but i want to talk about the services sector which was up a bit more than expected. then what you had, business activity was up, new orders were up, employment was the one thing that was down. i don't know if that's a sandy effect. that could be also, by the way, a fiscal cliff effect. zplint vi...
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104
Jul 28, 2012
07/12
by
CURRENT
tv
eye 104
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sandy wyle goes rove. talk about the guy who ate the wrong thing for breakfast. i almost fell out of my chair when i saw this. >> i thought of you when i saw it for the first time. this moment when even the reporters with the softest touch inin the landscape of journalism say, you created too big to fail. he's surprised by the question. you can see in the clip that it never occurred to him that he would get that kit simple. it was an incredible, amazing thing to watch. >> eliot: talk about--it's as though galileo said i'm wrong the earth is the center of the universe. he disavowed everything that he stood for for his entire career. >> casually. it reminded me when they said, yeah, i saw a flaw in my banking. he created the citigroup merger before it was legal. they ended up having to have an act of congress. >> eliot: people forget the citigroup travelers merger was done and by the way we'll get congress to pass a law to permit it. what we're doing now is i illegal but we own congress and they did what they were asked to do. >> eliot: you're the lawyer here, ther
sandy wyle goes rove. talk about the guy who ate the wrong thing for breakfast. i almost fell out of my chair when i saw this. >> i thought of you when i saw it for the first time. this moment when even the reporters with the softest touch inin the landscape of journalism say, you created too big to fail. he's surprised by the question. you can see in the clip that it never occurred to him that he would get that kit simple. it was an incredible, amazing thing to watch. >> eliot:...
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52
Nov 1, 2012
11/12
by
CNBC
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eye 52
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as far as sandy. they think that's going to dampen business in new york, which is a key market for them. >> maybe the impact felt in the quarter. >> i actually didn't do anything. i looked in the -- to doing an options trade on the stock today. i stayed away, because i was concerned about europe. the stock was down 15% last quarter. but expedia and travelline is saying the business is looking better. a selloff back to 600, i think it's -- >> confirmation from expedia? >> yeah, their international bookings growth was up 25% off expectations between 10 and 18%. it's a monster run after hours, it's not one i would chase. above 650. i believe the stock breaks out from a pretty well defined down trend. you have a little bit of a double bottom. i think 650 is your pivot point. otherwise, i'm in the camp looking for a pull back. >> while sandy's not expected to affect the labor department's payout tomorrow, it could have an impact on jobs and gdp in the future. drew, always good to speak with you. what's tom
as far as sandy. they think that's going to dampen business in new york, which is a key market for them. >> maybe the impact felt in the quarter. >> i actually didn't do anything. i looked in the -- to doing an options trade on the stock today. i stayed away, because i was concerned about europe. the stock was down 15% last quarter. but expedia and travelline is saying the business is looking better. a selloff back to 600, i think it's -- >> confirmation from expedia? >>...
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121
Dec 27, 2012
12/12
by
FBC
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eye 121
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we have sandy smith at the chicago mercantile exchange. you told us oil would hit $100. we're on our way. >> we are down with today's session. people stepped in to the oil market because it was struggling. it is still negative for the year at underperforming and crude oil is down a percent and again today the word is he'll like it did deal by the end of the year and those who do as an say it will not be right where it will be bad. we still are not talking about growing jobs so there is negative sentiment crude-oil prices down when typically during of big storm prices would go up but they're dropping because there is fear we will enter a recession and the country will struggle and they say if we enter the new year we will see higher taxes, lower home values in people struggling. it is not a good. they say that's speaker boner will cave in and we will not get a good deal. >> calls it these oil cliffhanger. >> it is rattling explaining why a trading volume was down there may be at camp saying it is a good price. exxonmobil refinery near chicago jeff? >> and a note anything
we have sandy smith at the chicago mercantile exchange. you told us oil would hit $100. we're on our way. >> we are down with today's session. people stepped in to the oil market because it was struggling. it is still negative for the year at underperforming and crude oil is down a percent and again today the word is he'll like it did deal by the end of the year and those who do as an say it will not be right where it will be bad. we still are not talking about growing jobs so there is...
133
133
Nov 30, 2012
11/12
by
KQED
tv
eye 133
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the impact super-storm sandy has had on the job market seems to be dissipating. 23,000 fewer americans filed for first-time unemployment benefits during thanksgiving week compared to a week earlier. the total was 393,000. it had jumped to over 400,000 in the weeks following the storm. still, we saw just modest gains on wall street today-- the dow rose 36 points, the nasdaq was up 20, and the s&p 500 added six. >> tom: the roster of companies announcing special one-time paydays for their shareholders continued growing today. taxes on stock dividends are currently set at 15%. but with no deal on the fiscal cliff, dividends will be taxed like regular income, meaning they could go up to over 40% for some high-income households. we spoke with larry mendelson, the chairman and c.e.o. at avionics gear maker heico, which announced its own special dividend this week. larry, thank you for joining us, we appreciate it. what role did the fiscal cliff play in heico decision to paid fiscal dividend. >> i think the fiscal cliff was very important. and moreover the threat to increase taxes in 2013, ta
the impact super-storm sandy has had on the job market seems to be dissipating. 23,000 fewer americans filed for first-time unemployment benefits during thanksgiving week compared to a week earlier. the total was 393,000. it had jumped to over 400,000 in the weeks following the storm. still, we saw just modest gains on wall street today-- the dow rose 36 points, the nasdaq was up 20, and the s&p 500 added six. >> tom: the roster of companies announcing special one-time paydays for...
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76
Oct 30, 2012
10/12
by
KNTV
tv
eye 76
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sandy is also affecting the markets. wall street is closed this morning once again and will be until things get cleaned up. for the latest details we turn to jackie deangeles live at cnbc headquarters. >> reporter: the u.s. financial markets will be closed due to the storm. this is still electronic trading of stock futures and options. the new york stock exchange and the nasdaq intend to reopen on wednesday. they're going to test backup trading systems today. the last time that the nyse was closed more than a day because of the weather, that was 1888 when a snowstorm piled up 40-foot drifts in new york city. we're expecting one piece of economic data this morning on home prices and also the labor department says that it still plans to release the october jobs report as scheduled on friday, so all eyes will be on that and of course repairs for this storm that we've specio experienced. back to you. >>> it is 4:47. the devastation continuing out east. meanti meantime, we've got another slice of heaven out here. >> upper 70s
sandy is also affecting the markets. wall street is closed this morning once again and will be until things get cleaned up. for the latest details we turn to jackie deangeles live at cnbc headquarters. >> reporter: the u.s. financial markets will be closed due to the storm. this is still electronic trading of stock futures and options. the new york stock exchange and the nasdaq intend to reopen on wednesday. they're going to test backup trading systems today. the last time that the nyse...
201
201
Dec 3, 2012
12/12
by
FOXNEWSW
tv
eye 201
favorite 0
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now we are about to make the same mistakes with respect to the clean up of sandy that we made when we wasted tens of millions with katrina. i am radical on this. my feeling is if we are going to help the victims, give the money to the victims. or to the salvation army or the red cross or the kinds of institutions we know are providing the real help. do not give it to the politics and the state. that is a middle class taking away 10 percent or 20 percent of the money. >>neil: who gave charlie for the money, i an herery of charlie, in had case, sam, uncle sam. how close to the $42 billion will the governor get or a comparable sum that the governors of new jersey and connecticut are looking at? >>guest: they will get almost all of it. when does congress say know to any of the people? our hearts bleed for the people who lost their homes to the terrible storm so you have the victims, they will put them on tv and say you got to give us the hundred and that brings me to a second point. if we are going to give, it will probably be well over $50 billion, why not have a policy when we have a cr
now we are about to make the same mistakes with respect to the clean up of sandy that we made when we wasted tens of millions with katrina. i am radical on this. my feeling is if we are going to help the victims, give the money to the victims. or to the salvation army or the red cross or the kinds of institutions we know are providing the real help. do not give it to the politics and the state. that is a middle class taking away 10 percent or 20 percent of the money. >>neil: who gave...
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131
Nov 24, 2012
11/12
by
KQED
tv
eye 131
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>> i do have clarity on sandy and frankly it's devastating. particularly on individuals. we had 200 of our stores closed for the first three days of the november period and then many more were closed after that because we didn't have power. we definitely were impacted in a major way at our company. >> reporter: for the current quarter you expect to fall short of wall street forecasts by at least five cents. are you still comfortable with those expectations? >> we try to guide honestly and if we're able to exceed that number that's always good news. but we try to guide where we believe we're going to be so we're confident with our forecasts. >> reporter: terry thank you so much. >> thanks ruben. >> tom: while many wal-mart employees spent black friday working the check-out line, others were manning the picket line. they used the high profile shopping day to protest low wages, work schedules and employee benefits. the protests were organized by a union-backed employee group called "our walmart". demonstrations were planned for one thousand stores in 100 cities. organizers s
>> i do have clarity on sandy and frankly it's devastating. particularly on individuals. we had 200 of our stores closed for the first three days of the november period and then many more were closed after that because we didn't have power. we definitely were impacted in a major way at our company. >> reporter: for the current quarter you expect to fall short of wall street forecasts by at least five cents. are you still comfortable with those expectations? >> we try to guide...
216
216
Dec 8, 2012
12/12
by
KRCB
tv
eye 216
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industry estimates put the total amount of damage from superstorm sandy at $50 billion. insurance companies are expected to pick up between $10-$20 billion of that. that puts superstorm sandy at the top of the list ahead of hurricanes ike, ivan, and irene. monday we will look at why rebuilding from sandy is so expensive thanks to where she came ashore. ruben ramirez, seaside heights, new jersey. back here on wall street, tom, some interesting revolutions from netflix today saying it got a wells notice and being investigated by the securities and exchange commission. behind it is a very interesting debate going on. the reason for the investigation is that the ceo reid hastings had posted some information on his facebook page about developments at the company and the fec said you didn't disclose this property, should have been a press release or filing with the sec and raises new questions about social media and fair disclosure. >> tom: this is all about how technology is changing and regulations have a hard time susie keeping up with it. we see it with high frequency trad
industry estimates put the total amount of damage from superstorm sandy at $50 billion. insurance companies are expected to pick up between $10-$20 billion of that. that puts superstorm sandy at the top of the list ahead of hurricanes ike, ivan, and irene. monday we will look at why rebuilding from sandy is so expensive thanks to where she came ashore. ruben ramirez, seaside heights, new jersey. back here on wall street, tom, some interesting revolutions from netflix today saying it got a wells...
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267
Nov 2, 2012
11/12
by
CNBC
tv
eye 267
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it really has the feel of a sandy effect. utilities and consumer staples have been the weakest perform thers week. terms have done better. the anticipation of rebuilding and the hit that the utilities have taken right now still feels like it's the aftermath of the storm here. >> we're in a slightly different -- the cause of qe-3, it has created some whacky distortions in the market. it's again affecting the market today. when we got a better than expected payroll report, which i think is certainly good news, the dollar rallied because there's less likelihood of qe-3. that would be dollar positive. well, you know, that might be good. that's certainly a good sign of a better economy as well. but that put pressure on all the commodities. you can see that this knock-on effect of qe-3, which is one reason so many people have a hard time with qe-3. >> john sweeney, what impact do you feel the monetary policy has had? there was a time the market was rallying even as the fundamentals were falling down or slowing down at that point. d
it really has the feel of a sandy effect. utilities and consumer staples have been the weakest perform thers week. terms have done better. the anticipation of rebuilding and the hit that the utilities have taken right now still feels like it's the aftermath of the storm here. >> we're in a slightly different -- the cause of qe-3, it has created some whacky distortions in the market. it's again affecting the market today. when we got a better than expected payroll report, which i think is...
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. >> three ipo today the first after hurricane sandy. look at restoration hardware up 32% of the earlier highs but it had a great pop which is a furniture retailer excepted beautifully. standing next to south cross energy up battle point* 5%. they did well even though hurricane sandy blooms on the eastern seaboard. liz: day do not sell hardware. they sell pretty stuff. [laughter] lasalle whole crew knows, the devastation from hurricane zandi -- sandy is felt that these coast with the energy side then the human side. we have lived team coverage 40 miles from and had an atom we will start with you. >> behind me receive the national guard and passing a water but also red cross now showing up but the field of dreams foundation and they showed up early on their own volunteers bringing food and clothing. diapers, betting common medications, food if you can cook or pizzas if you cannot. people are coming out with converters for govett is what is going on in staten island. those who are still waiting for the sanitation trucks they are furious th
. >> three ipo today the first after hurricane sandy. look at restoration hardware up 32% of the earlier highs but it had a great pop which is a furniture retailer excepted beautifully. standing next to south cross energy up battle point* 5%. they did well even though hurricane sandy blooms on the eastern seaboard. liz: day do not sell hardware. they sell pretty stuff. [laughter] lasalle whole crew knows, the devastation from hurricane zandi -- sandy is felt that these coast with the...
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Jul 25, 2012
07/12
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sandy suggested that it was time to now separate the banks. go through it all over again. >> the banking system is really very, very important. i think that the problem that was created was created by too much concentration in investments in the banking system. way too much leverage. very little transparency with lots of off balance sheet things that didn't really count. i think a lot of those things have to change. >> so, the question, should the investment banks be split from the commercial banks? jeff, just before we get into that, let's put this into context. this is a guy who drove banking. call it what you like. he changed the profile. >> there were a lot of people involved. certainly when he was at citigroup, he is the poster child to speak of the move to get rid of it. certainly the perception is he was one of the big people behind it and he was. >> what do you think of the call now? would it help to split investment from commercial banks? what would be the aim? >> i agree with a number of things that he said. the problems we had reall
sandy suggested that it was time to now separate the banks. go through it all over again. >> the banking system is really very, very important. i think that the problem that was created was created by too much concentration in investments in the banking system. way too much leverage. very little transparency with lots of off balance sheet things that didn't really count. i think a lot of those things have to change. >> so, the question, should the investment banks be split from the...
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Nov 30, 2012
11/12
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and they believe just an incremental rise in the ocean levels made the damage worse when hurricane sandy hit the east coast and took so much away from us. the big question is the future, of course, and a new kind of normal for all of those living along the water. it is where we begin tonight, our chief environmental affairs correspondent, anne thompson has more on what we learned. >> reporter: well, the information comes from a group of international scientists, brian and shows we're living climate changes in real time. this july was the warmest month on record. and tonight, there is new information that reveals just how fast the world's ice sheets are melting. the numbers are staggering. 344 billion metric tons of ice melting in antarctica and greenland a year. the weight of more than a million empire state buildings, the information was published in the journal, from researchers who looked at the data gathered over the last 20 years. creating what they say is the most accurate picture of melting. in antarctica, the east region is gaining ice, but it is not enough to make up for the los
and they believe just an incremental rise in the ocean levels made the damage worse when hurricane sandy hit the east coast and took so much away from us. the big question is the future, of course, and a new kind of normal for all of those living along the water. it is where we begin tonight, our chief environmental affairs correspondent, anne thompson has more on what we learned. >> reporter: well, the information comes from a group of international scientists, brian and shows we're...
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Oct 26, 2012
10/12
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KGO
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arctic cold front and tropical system that we call sandy as a hurricane. these are going to converge, new york, philadelphia and d.c. around monday and into tuesday and then linger there wednesday. now because you have two such different air masses colliding together that is why it is such a big storm. perfect storm we had back in 1991 but over land. you can see it move up and stay offshore. we're on the west side but new york will be on the northeast qa depressant and philadelphia, so most of damage will be there. >> kristen: thanks so much. we're going to get mike back in few minutes which includes detroit. it will be pretty cold out there. >> cheryl: also ahead one of earliest starts >> kristen: apple stock is taking a big hit today. it's below $600 for the first time in three months after latest earning reports. and they say holiday profits will be down from last year were taking pre-orders for the apple mini today. initial supplies of the white model were gone within minutes. you can still order one. tablet computer hits stores next friday starting at
arctic cold front and tropical system that we call sandy as a hurricane. these are going to converge, new york, philadelphia and d.c. around monday and into tuesday and then linger there wednesday. now because you have two such different air masses colliding together that is why it is such a big storm. perfect storm we had back in 1991 but over land. you can see it move up and stay offshore. we're on the west side but new york will be on the northeast qa depressant and philadelphia, so most of...
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david: sandy in for liz today, good to see you. san da: good to see you. david: jpmorgan whale trader, the senate's been investigating it. questioning as many as 80 people who may have been associated. we're expecting some breaking news any moment now about that investigation. l. >> and we'll have that for you as it comes in. david: let's go to lauren simonetti. she's at the new york stock exchange. lauren, let's start right off, what's happening? the market is down 56 points on the dow right now. dell, however, had a nice pop today based on what goldman sachs was saying about it. >> exactly. goldman upgrading the stock all the way to a buy from a sell. it was one of the best performers not only on the s&p 500, but also on the nasdaq 100. so dell certainly a winner today. >> and, lauren, we saw you wearing your uggs on the trading floor, deckers outdoor the maker of those boots, it's getting a nice pop. >> up more than 9%. the folks over at stern ag upping the stock to a buy but also saying the season of the ugg is going to be august of
david: sandy in for liz today, good to see you. san da: good to see you. david: jpmorgan whale trader, the senate's been investigating it. questioning as many as 80 people who may have been associated. we're expecting some breaking news any moment now about that investigation. l. >> and we'll have that for you as it comes in. david: let's go to lauren simonetti. she's at the new york stock exchange. lauren, let's start right off, what's happening? the market is down 56 points on the dow...
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Nov 2, 2012
11/12
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CNBC
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we saw it after katrina and sandy will be no different. why? of course, because people are trying to salvage what they can from their homes before they rebuild or repair and they need someplace to put it. plus, you've got builders, contractors, clean-up crews, they need somewhere to put their equipment. again, self-storage. what are the reits that will see the most action? extra space storage where we are today, sovereign self-storage, and cube smart, to name a few. demand from sandy will drive revenue growth in the first half of 2013. extra space storage which has high exposure in new york and new jersey will see the biggest effect. perhaps as much as 33% of its portfolio. sovereign, up to 24%. this all according to analysts at cantor fitzgerald. now these reits are already up between 3% an 6% just since sandy hit. public storage is the largest of these self-storage reits. some haven't liked it lately because it's very expensive, but cantor upgraded it just before sandy hit from a sell to a hold. one caveat to all of of this, extraspace tellin
we saw it after katrina and sandy will be no different. why? of course, because people are trying to salvage what they can from their homes before they rebuild or repair and they need someplace to put it. plus, you've got builders, contractors, clean-up crews, they need somewhere to put their equipment. again, self-storage. what are the reits that will see the most action? extra space storage where we are today, sovereign self-storage, and cube smart, to name a few. demand from sandy will drive...
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Dec 7, 2012
12/12
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KTVU
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tim, we are being told there could be a murky jobs number because of hurricane sandy. what do you think about that? > > i think the market will dismiss a weaker-than-expected number because of hurricane sandy and the distortions that it has and look more toward next month, or january's report, that we will get. so, i think they will let it slide. but it should be weaker than expected. i think that is expected by the market, so it shouldn't be a surprise. > goldman sachs has a call out that we will see a renaissance in commodities. are you bullish on any particular commodities here? > > i am bullish on the agriculturals, for reasons of which the supply and also the growing drought that we had this past year, the continued conditions that make for dry growing season next year as well. so i think from a supply/demand standpoint, yes, i think agricultural. the other thing i like, commodities in general, is when the fed's buying $85 million a month worth of treasuries, i think you are going to have to like commodities. > what is your play on the dollar? > > i would have exp
tim, we are being told there could be a murky jobs number because of hurricane sandy. what do you think about that? > > i think the market will dismiss a weaker-than-expected number because of hurricane sandy and the distortions that it has and look more toward next month, or january's report, that we will get. so, i think they will let it slide. but it should be weaker than expected. i think that is expected by the market, so it shouldn't be a surprise. > goldman sachs has a call out...
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Nov 14, 2012
11/12
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FBC
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their heads and wondering about andrew cuomo is 30 billion-dollar request to federal aid for hurricane sandy. a lot of folks want to know how he came up with that figure and also how he would spend our figure. we have an appropriations committee member, john carter. sir, i have seen myself what is going on around here. a lot of damage for it i don't know how you put a $30.000000000 figure to it. i would worry about how the money is going to the source. >> i think that is a good comment. we have to have compassion for those who were affected. i think everybody in congress does have compassion. but we have a responsibility that is even more so today than maybe in the past. we need to look at every nickel, dime and quarter to see how this money will be spent. that is a big number, and we need to work through the particulars. neil: again, i am probably a horrible sinner, but i am looking at the billion dollar deficit. and i'm thinking, well, what will stop them from taking that money and using it for deficit relief? things that have nothing to do with this one image. in other words, what kind of
their heads and wondering about andrew cuomo is 30 billion-dollar request to federal aid for hurricane sandy. a lot of folks want to know how he came up with that figure and also how he would spend our figure. we have an appropriations committee member, john carter. sir, i have seen myself what is going on around here. a lot of damage for it i don't know how you put a $30.000000000 figure to it. i would worry about how the money is going to the source. >> i think that is a good comment....
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Dec 1, 2012
12/12
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FOXNEWSW
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sandy is not dramatically better than katrina in terms of performance of the federal government. when we developed a department of homeland security, the original idea was, you could have up to three nuclear events on the same day in three different cities and you better have an ability to mobilize to be able to help people, immediately. now you look at this event, you look at how badly it is done this is a perfect example of why the house republicans should be adopting an oversight strategy and a legislative strategy to find real solutions and say what should we be doing to fix a government that clearly don't work? >> sean: this is their role, you explained it in great detail. one of the most arrogant things, you talked about the president bullying. when he went out there and proposing that the congress give up their constitutional authority and hand him a blank cheque. we are about to hit a debt ceiling limit again and he gets to raise it at will what is your reaction to that? >> i wanna say something that will startle the washington establishment. the number one power of the h
sandy is not dramatically better than katrina in terms of performance of the federal government. when we developed a department of homeland security, the original idea was, you could have up to three nuclear events on the same day in three different cities and you better have an ability to mobilize to be able to help people, immediately. now you look at this event, you look at how badly it is done this is a perfect example of why the house republicans should be adopting an oversight strategy...
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Dec 6, 2012
12/12
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CNBC
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as soon as you get done figuring out, how much is sandy, how much is not sandy, we have to start dealing with the fiscal cliff so there's a shock behind us and a shock in front of us. so we're in limbo right now. and we're expecting a big effect from sandy in the friday number, especially in maybe the household survey, they moved the survey week back a week. because of an early thanksgiving. they do that -- so instead of it being the week of the 12th, it's the week of the 5th. >> so this number is going to tell us nothing tomorrow? > know there's going to be a lot of discussion about it. i'll stick to my guns, it's a 125 to 150 economy growth some of that could be sandy. i don't donknow if you want to k about that chart. this looks at the net effect acceptable. if 30% say it's acceptable and 20% say -- these are what we asked people. how many is that? that's five of eight different solutions. >> people say, yes, we're okay dealing with the fiscal cliff, if you raise taxes on those who make more than $250,000 and then you cap deductions, and virtually everything else is off the table. >>
as soon as you get done figuring out, how much is sandy, how much is not sandy, we have to start dealing with the fiscal cliff so there's a shock behind us and a shock in front of us. so we're in limbo right now. and we're expecting a big effect from sandy in the friday number, especially in maybe the household survey, they moved the survey week back a week. because of an early thanksgiving. they do that -- so instead of it being the week of the 12th, it's the week of the 5th. >> so this...
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they say that global warming didn't cause sandy but it made it worse. one thing we know for sure, that sea levels have been rising over the last century and they will be rising more. melissa: yeah, i hear you. i just don't know how often it is that gas stations in the northeast lose power. i mean obviously been a huge problem this time around but i mean i don't know when the last time this happened. doing something, we're spending so much money on backup generators. also another huge problem was power at terminals was a big problem. it wasn't just the gas stations. that was at least half the problem. >> you speak to a bigger issue. the larger issue is what we do going into it. this is giving new jersey a time to have a heart to heart. we have to figure out how we rebuild our entire infrastructure. that include, you're right, not just gas stations but do we have enough backup power for cell towers? do we have backup pow for terminals that supply the gas? what about our drinking water? we have to rethink in new jersey as we rebuild how we rebuild better,
they say that global warming didn't cause sandy but it made it worse. one thing we know for sure, that sea levels have been rising over the last century and they will be rising more. melissa: yeah, i hear you. i just don't know how often it is that gas stations in the northeast lose power. i mean obviously been a huge problem this time around but i mean i don't know when the last time this happened. doing something, we're spending so much money on backup generators. also another huge problem...
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Oct 31, 2012
10/12
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CNBC
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the first issue is obviously sandy occurred in the fourth quarter. that's going to have a material impact. as we said, we're significantly raising guidance for the fourth quarter. it will result in a rise for the year as well. that's really the portable generator demand. that's the in-rush much demand we see around an event that occurs -- unfortunately, when you get major destruction like this, you have a hard time actually finding gas for. but in the future and really for the next six to 12 months, we should see going into 2013, a greater demand for permanently installed packup systems. people have hit the turning point with frequency of outages, have come to the conclusion they need a backup plan that, frankly, is more permanent in nate tur. >> when it comes to the portables versus installed, i'm curious that the martins are different. there's another stream of ref knew which you get from servicing the units. >> the portables are sold through big box retailers. the margins on those products not kwied as good as on the installed products. installed
the first issue is obviously sandy occurred in the fourth quarter. that's going to have a material impact. as we said, we're significantly raising guidance for the fourth quarter. it will result in a rise for the year as well. that's really the portable generator demand. that's the in-rush much demand we see around an event that occurs -- unfortunately, when you get major destruction like this, you have a hard time actually finding gas for. but in the future and really for the next six to 12...
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Nov 2, 2012
11/12
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CNBC
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superstorm sandy causing billions in damages. now companies are warning the storm will wreak havoc on earnings. the ce e o from clorox is here exclusively. >>> plus, sandy causing gas lines reminiscent of the 1970s throughout the new york area. we've got the latest details on the crisis and how ugly it's getting out there. >>> and at least those lines are over something essential like gasoline. check out all the people waiting to get their hands on apple's new mini ipad. there'sing in small about this show today. that and more next. [ male anno] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. >>> welcome back. clorox just one of the many
superstorm sandy causing billions in damages. now companies are warning the storm will wreak havoc on earnings. the ce e o from clorox is here exclusively. >>> plus, sandy causing gas lines reminiscent of the 1970s throughout the new york area. we've got the latest details on the crisis and how ugly it's getting out there. >>> and at least those lines are over something essential like gasoline. check out all the people waiting to get their hands on apple's new mini ipad....
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Dec 5, 2012
12/12
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CNBC
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we believe that the effect of the payroll will be at 50,000 range due to the effect of hurricane sandy which could put our unemployment up to an 8% rate. >> all right. we'll be watching that. thanks very much to you both. we appreciate it. of course we'll be looking at this market and whether or not it loses the steam come the big rally today. ticktock, ticktock on the fiscal cliff. my thoughts on the story from timothy geithner. guess what, folks. i think we're going over the cliff. back in a moment. are system spoke a language all its own with unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors who get where i'm from. and tools to estimate what my care may cost. so i never missed a beat. we're more than 78,000 people looking out for more than 70 million americans. that's health in numbers. unitedhealthcare. with the spark cash card from capital one, sven gets great rewards for his small business! how does this thing work? oh, i like it! [ garth ] sven's small business earns 2% cash back on every purchase, every day! woo-hoo!!! so that's ten s
we believe that the effect of the payroll will be at 50,000 range due to the effect of hurricane sandy which could put our unemployment up to an 8% rate. >> all right. we'll be watching that. thanks very much to you both. we appreciate it. of course we'll be looking at this market and whether or not it loses the steam come the big rally today. ticktock, ticktock on the fiscal cliff. my thoughts on the story from timothy geithner. guess what, folks. i think we're going over the cliff. back...